Outlook for UK economy ‘remains subdued’ as bosses battle cost hikes Economics Private sector bosses are predicting activity to shrink again over the next three months when a fresh bout of inflation is expected to compound cost pressures hoisted upon them at last year’s Autumn Budget. According to the Confederation for British Industry’s (CBI) Growth Indicator, more firms expect trading conditions to worsen in the three months [...]
Business growth expectations fall to weakest since 2022 Business Growth expectations among private sector firms continue to decline rapidly, fresh figures suggest, with forecasts reaching their lowest since September 2022. According to the CBI’s recent Growth Indicator survey, 30 per cent more private sector firms are expecting activity to fall than to grow over the next three months. “There is little sign of summer [...]
UK economy: Firms prepare to cut staff as they brace for slowdown, CBI says Business A persistent slowdown in activity among private sector firms could weigh on economic growth over the coming months, with businesses set to cut staff and raise prices, according to a survey. The upcoming increase to national insurance contributions has prompted firms to assess their budgets urgently, the Confederation of British Industry (CBI) said. Output across [...]